7931 Dr North Bay Village, FL 33141

Property Details for 7931 Dr

Lot size

1.54 lot acres

Property type

Commercial real estate

APN

23-3209-001-0330, 23-3209-001-0290, 23-3209-001-0270, 23-3209-001-0250, 23-3209-001-0659

Description

This exceptional 1.54-acre waterfront development opportunity in North Bay Village, Florida, presents a unique joint venture proposition. Located at 7923-7931 East Drive, this property boasts over 480 linear feet of direct Biscayne Bay frontage, offering unparalleled views of Biscayne Bay, Miami Beach, and Downtown Miami. The site comprises four parcels (APN: 23-3209-001-0330, 23-3209-001-0290, 23-3209-001-0270, 23-3209-001-0250, 23-3209-001-0659) zoned RM-70 High Density Multiple Family Residential District, allowing for the development of a high-density residential project. Current plans envision a 26-story building with approximately 130 units and 442,000 square feet of sellable space, including a marina component. This project is poised to capitalize on the area's desirability and features a partnership with a major global luxury brand. The seller is offering significant equity contribution (up to 70% of land value), minimizing upfront costs. The property's central location provides easy access to Miami's premier entertainment, shopping, dining, schools, and amenities. The site is also suitable for phased development or subdivision. This is a truly remarkable opportunity to create a luxury residential development in a highly sought-after location.